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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Controversial economic downturn stimulates find alternatives

    day dreamer
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    Join date : 2012-12-19

    Controversial economic downturn stimulates find alternatives Empty Controversial economic downturn stimulates find alternatives

    Post by day dreamer Sun 14 Dec 2014, 11:17 pm

    Controversial economic downturn stimulates find alternatives

         
     12/15/2014 0:00


    Increase oil production and the multiplicity of resources Ikllan effects
      BAGHDAD - Hussein al-Tamimi Tgb
      After the International Monetary Fund forecast a contraction of 0.5 percent of the Iraqi economy because of what the country is going through as a result of the repercussions of terrorism Aldaasha, economic affairs experts downplayed the impact of the downturn in the economy, especially after the agreement with the Kurdistan region and the addition of 550 000 barrels of crude oil to Iraqi exports.
    The International Monetary Fund said in a press release that he is expected to contract by Iraq's economy, which depends mainly on oil 0.5 percent this year, far less than the previous forecast of the Fund two months ago contraction of 2.7 percent.
    After talks with Iraqi officials confirmed it is expected that oil production up to 3.3 million barrels per day in 2014, up from 3.1 million in 2013 with exports continued at levels in 2013 amounting to 2.5 million barrels per day.
    Economic Adviser to the Prime Minister Dr. The appearance of Mohammed Saleh said in an interview with "morning" that the recession is to be expected after that saw a number of provincial military operations halted all economic activities in which, as well as agricultural production stopped in Baghdad belt, which is characterized by abundant production of crops that cover a large percentage of the country's need .
    He predicted in favor of it after the oil agreement with the province will see gross domestic product growth rate of 3 percent after the International Monetary Fund forecast an estimated 2 percent, urging the necessity of activating the agricultural production in the country to contribute to raising the gross domestic product ratio, especially after it became covers a large proportion of local need in times of peak productivity.
    He noted that Prime Minister Dr. Haider al-Abadi adopted agricultural output file and activate the agricultural initiative and took personally supervised on this detailed productive is important in order to bring life to the agricultural sector, in the serious step of the multiplicity of the federal budget resources.
    Saleh said the government program going despite the challenges and work to balance out productive meet the ambition and support operations to achieve victory in the war, as the country faces two wars at the same time firstly addressing gangs terrorist Daash, and the other is low crude oil prices in world markets, and these require a perfect economic policy the force of the impact, pointing out that the stability of oil prices, does the growth of the country's economy.
    Iraqi industrial assembly Chairman Abdul Hassan Shammari said in an interview for the "morning" that exceeded the contraction phase experienced by the economy requires the activation of the productive sectors, especially the construction and reconstruction operations and projects, productivity and service stopped its activity in a number of cities that witnessed military operations and this lowers the output index domestic product.
    The IMF found that it is likely to recover growth to about two per cent in 2015 with the increase in oil production and exports supported by the recent agreement between the central government and the province of Kurdistan on oil exports and payments budget.
    The economic expert Mustafa Abdul-Hussein al-Maliki has pointed out that the International Monetary Fund predicted a contraction of 0.5 percent in 2014), which also seems better than the previous forecast, which amounted to 2.7 percent, and expected time the same economic growth up to 2 percent next year in 2015 due to the recent agreement between the center and the region about revenue sharing and understanding on the production and export in addition to strengthening the infrastructure of the oil industry in the south, which used to supplement the single budget source for more money, despite the sharp decline in oil prices, which emerged after the month of September, indicating that the growing present crisis is the result of lower growth rate in the non-oil sectors due to fighting and vandalism suffered by the electricity sector in combat zones, and low confidence in the investment side rates, and even damage to the commercial sector, and this is reminiscent of the chronic condition diagnosed in advance about the sovereignty of the oil revenues, which generate more than 90 percent of the financial revenues .
    Maliki said: The report is expected to increase high productivity in the south, where no Tahedadhnak, pointing to the urgent need to strengthen water injection projects, and energy storage, and pipelines, and complete infrastructure for export infrastructure capabilities.
    As concerned the honored economic Tawfiq Al Mana said the "morning" The impression which has taken on the oil industry in Iraq, more glamorous because most Iraqi facilities and oil fields located in the south of the country away from terrorist threats, predicted that Iraq's oil production up with what is produced from oil in the territory Kurdistan to 3.3 million barrels per day, which was an average of 3.1 million barrels per day, with survival rates of export as it is since 2013 at a level of 2.5 million barrels per day forecast.
    He pointed to the importance of working to increase execution efficiency in the government apparatus and the diversification of the national income.





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